Unified Sees Soft Q3 Sales

LOS ANGELES Unified Grocers here said soft economic conditions and high unemployment across its operating area resulted in lower sales and earnings for the third fiscal quarter, which ended July 3. For the quarter, net income at the wholesaler cooperative dropped 66.7% to $1.3 million, while sales fell 1.2% to $980.1 million. For the 39-week year-to-date period, net income fell 21.1% to $8 million,

LOS ANGELES — Unified Grocers here said soft economic conditions and high unemployment across its operating area resulted in lower sales and earnings for the third fiscal quarter, which ended July 3.

For the quarter, net income at the wholesaler cooperative dropped 66.7% to $1.3 million, while sales fell 1.2% to $980.1 million. For the 39-week year-to-date period, net income fell 21.1% to $8 million, while sales dropped 1.7% to $2.9 billion.